Jamaica : Staff Report for the 2005 Article IV Consultation

1JAMEA2006003 Image
Price:  $15.00

Release Date: © May, 2006
ISBN : 978-1-45182-018-8
Stock #: 1JAMEA2006003
English
Stock Status: On back-order

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Description

This 2005 Article IV Consultation highlights that the economic activity in Jamaica has been adversely affected by shocks. Real GDP contracted sharply in late 2004 following the devastating effects of Hurricane Ivan. Thereafter, while output recovered, it was dampened by the poor performance of agriculture, which suffered from adverse weather conditions. The nominal exchange rate has depreciated in recent months. Fiscal targets have been missed, and the monetary policy has been geared at containing inflation while also seeking to engender a sustainable reduction in interest rates.

Taxonomy

Economic policy , Exchange rate policy , Fiscal policy , Foreign exchange , Inflation , Monetary policy




More publications in this series: IMF Staff Country Reports